Coal Auction to Generate Over $100 Billion for States: Piyush Goyal

he minister, who held a series of meetings with existing and potential investors in power and coal sectors as also with various government leaders during his three-day visit, said "the auction process is already on, people have started registering themselves on the website".

Speaking to the business and political elite at the World Economic Forum at Davos, Schmidt said: "There will be so many sensors, so many devices, that you won't even sense it, it will be all around you."

Speaking at the 45th World Economic Forum Annual Meeting Jack Ma, who is also China's richest man, said he aims to serve 2 billion consumers and help 10 million small businesses outside China sell their products through the Internet.

Asked whether the investors were convinced about promises being made by the government, Mr Kotak said, "Investors are certainly interested in India, but long term strategic investors want to see some more action on the ground."

While digital economy and emerging trends in the technology space remained a key point during various sessions at the World Economic Forum here, Mr Chandrasekaran said 'Internet of Things' (IoT) would transform every company, industry and even the society going forward.

Making a strong pitch before foreign investors in Davos at World Economic Forum, Andhra Pradesh Chief Minister Chandrababu Naidu said the state offers great opportunities in areas ranging from technology to tourism to infrastructure to oil refineries.

Noting that excitement among WEF participants about India is palpable, Mr Gurnani said that most people he has met were upbeat about India.

China's economy grew 7.4 per cent in 2014 -- the slowest pace in 24 years, government data released on Tuesday showed.

The forum seeks to provide a platform for debate over how to maintain an open Web in the face of pressures for regulation.

Iraq's premier expressed confidence on Friday that the country's struggling army is capable of retaking the city of Mosul from the Islamic State group.

Iran's foreign minister Javad Zarif said on Friday that a vote in US Congress for more sanctions against his country will kill a likely nuclear deal with the West.

Coal and Power Minister Piyush Goyal has said the government expects to hold auctions for private firms to mine and sell coal in the near future, but first wants to deal with mines that are directly linked to plants that use the fuel.

Bill Gates and Melinda French Gates, co-founders and co-chairs of Bill & Melinda Gates Foundation, spoke to NDTV's Dr Prannoy Roy on the sidelines of the annual World Economic Forum meet at Davos.

Russian Deputy Prime Minister Igor Shuvalov, speaking at the World Economic Forum in Davos, on Friday warned the West against trying to topple President Vladimir Putin and said that Russians are ready to sacrifice their wealth in Mr Putin's support.

In an emotional speech on the horrors inflicted by extremist groups, US Secretary of State John Kerry on Friday told an audience in Davos that in the fight against "terror", there was "no room for anti-Semitism or Islamophobia".

With oil prices touching "rock bottom", there is an opportunity for countries to cut energy subsidies worth $2 trillion, International Monetary Fund's chief Christine Lagarde said.

Finance Minister Arun Jaitley has hinted at not raising tax rates and providing incentives for manufacturing in the upcoming Budget while asserting that "structural changes" will have to be made to get the economy to 8-9 per cent growth.

Having set a world record with fastest roll-out of its financial inclusion scheme - Jan Dhan Yojana, the government expects its ambitious power sector programme to create more such records, including by making India the world's largest destination for renewable energy.

Cisco chairman and CEO John Chambers spoke to NDTV's Vikram Chandra on the sidelines of the annual World Economic Forum meet at Davos. "If I were going to bet on one emerging country in the world I'd bet on India," Mr Chambers said.

Ms Kochhar, who is here to attend the WEF Annual Meeting, was responding to a query on the problems of bad loans in the Indian banking sector.